Gas Turbine Efficiency’s Innovative Technology Reduces Emissions for Energy Industry

May 5, 2010

Combined Water Injection and Power Augmentation System Lowers Client’s NOx Emissions while Increasing Power Output

ORLANDO, Florida — Gas Turbine Efficiency plc (AIM: GTE), a leader in energy and aviation products and services, is using its extensive experience in water injection and power augmentation to assist Energy Industry clients with tighter regulatory requirements in NOx emission limits.

Connectiv Power Augmentation

You can download GTE's Connectiv case study at http://www.gtefficiency.com

A recent case study from GTE shows how one of its power generation customers successfully installed a single skid that incorporated both the water injection and power augmentation systems on their two GE MS50001Ps and three P&W FT4A engines. The combined system is capable of interfacing with virtually any control system and gas turbine fuel system. With this enhancement, the energy producer would provide cleaner and lower level emissions while increasing output and optimizing performance.

“This product is a great example of GTE’s growing portfolio of high value, practical and contemporary solutions for Power Generation,” says Steven Zwolinski, Chief Executive Officer at GTE. “At GTE we continually assess the rapidly evolving landscape of factors that drive customer needs – economic, environmental, dispatch and efficiency.”

The attached published data has quantified the benefits of installing the universal system and reports a reduction in NOx emissions that not only met the regulatory requirements, but was lower than the emission limit set forth. In addition, there was a five to eight percent adjustable increase in power output.

From an environmental standpoint, by installing the universal system, a power plant has the potential to reduce NOx emissions to meet or exceed regulatory changes in emission limits with the added benefit of increasing their power output and optimizing their engine’s performance.

About GTE

Gas Turbine Efficiency designs, manufactures and supplies proprietary cleantech energy saving and performance enhancing solutions to the power generation, oil and gas, and aviation industries. The company’s extensive portfolio of patented cleantech solutions save fuel, reduce emissions, increase availability, and extend turbine and parts life. The Group also provides solutions for burning a wider variety and quality of fuels such as liquefied natural gas, clean coal and alternative fuel blends. Products and services developed by our world-class technology team include compressor cleaning and power augmentation systems; fuels management systems; combustion design, repair, upgrade and monitoring; fluid and control auxiliaries; and outage management services.

For more information about Gas Turbine Efficiency plc and its products and services, please visit http://www.gtefficiency.com.

For more information:

Megan Thomas
Director of Marketing and Communications
Gas Turbine Efficiency
media@gtefficiency.com
Phone: 407.304.5236

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Gas Turbine Efficiency Experiences Improving Energy Aftermarket and Strengthening Demand For Core Products

March 24, 2010

Gas Turbine Efficiency plc (AIM: GTE), a leader in energy and aviation products and services, is reporting an increase in expected revenue for the first quarter of 2010, an improvement supported by several operating units. GTE revenue for Q1 2010 is expected to be in the range of $9.5-10.0M—up 20-25% over a strong Q1 2009 ($7.4M). This performance is supported by order increases in the company’s Energy Services and Aviation products.

Performance improvements have recently been validated and published by leading customers, demonstrating a return on their investment in as little as four months. Compressor water wash systems are a major product line in the GTE portfolio of patented solutions for both power generation and aviation turbines—and have experienced increased recognition, acceptance and sales in these industries.

Four major original equipment manufacturers (OEMs) of gas turbines had previously approved and signed agreements for further development and sales of GTE’s patented technology for use on their engines. Most recently, compressor cleaning system installations have been finalized and more operators have implemented the solution.

Several products are expected to be up over 100% compared to Q1 2009 ($1.1M) for GTE’s Combustion services, reflecting its newly launched aftermarket solutions and rapidly growing acceptance by end customers in the Energy market. Furthermore, since the addition of the Turbine Services platform in July 2009, customer acceptance has been very high, as demonstrated by the recent announcement of a three-year agreement with Entegra Power Group.

GTE - Gas Turbine Efficiency

GTE is reporting an increase in expected revenue for the first quarter of 2010, an improvement supported by several operating units.

Aviation products have also enjoyed success with a recently announced $1.6M order from Pratt & Whitney, which demonstrates strengthening demand for this service, supported by energy efficiency and life cycle cost benefits and expectations to see further benefit from higher fuel prices.

“We are pleased to report generally stronger market conditions across several aftermarket sectors,” said Steven Zwolinski, Chief Executive Officer at GTE. “We are now in a much stronger position with our core product lines, with validated performance data in compressor cleaning as well as rapidly expanding customer acceptance of recently launched combustion products and turbine services platforms. “

The Q1 2010 expected revenue increase is on top of the strong first half 2009 performance reported in September. Overall, 2009 was a very challenging global energy market, in which GTE had top line growth in line with market expectations.

As the energy industry continues to conserve cash and investment spend and adjusts to demand profiles, GTE views continues to see 2010 as challenging. That said, GTE is better positioned to grow in such an environment with newly launched product and service offerings targeted at the more ‘recession resistant’ energy aftermarket segment.

GTE has been featured in several prominent power generation publications and conferences generating interest and additional proposals for new sales. Notably, in February 2010, GTE was featured at the 501F Gas Turbine Users Group Annual Conference in Orlando, FL, where Louisiana-based power producer Cleco Evangeline presented a case study on GTE’s compressor water wash systems as an optimal solution for operational improvements. The data presented offered an average percent power benefit of 1.18 percent and motivating an average increase in energy efficiency of 0.42 percent which translates to rapid return on investment.

A case study on the compressor water wash system is available for download from GTE’s website at http://www.gtefficiency.com/case_studies.asp.

“Long term economic and environmental factors appear to be strengthening across all sectors as customers place more value on fuel efficiency, asset output/performance and life cycle costs,” Zwolinski added. “GTE continues to invest in the solutions that customers require. These short term results are an early validation of that strategy.”

Full year 2009 results are expected to be announced on April 23, 2010 and will be available on the company’s website at http://www.gtefficiency.com.

About GTE

Gas Turbine Efficiency designs, manufactures and supplies proprietary cleantech energy saving and performance enhancing solutions to the power generation, oil and gas, and aviation industries. The company’s extensive portfolio of patented cleantech solutions save fuel, reduce emissions, increase availability, and extend turbine and parts life. The Group also provides solutions for burning a wider variety and quality of fuels such as liquefied natural gas, clean coal, and alternative fuel blends. Products and services developed by our world-class technology team include compressor cleaning and power augmentation systems; fuels management systems; combustion design, repair, upgrade and monitoring; fluid and control auxiliaries; and outage management services.

For more information about Gas Turbine Efficiency plc and its products and services, please visit http://www.gtefficiency.com.

For further information, please contact:

Gas Turbine Efficiency plc
Steven Zwolinski, Chief Executive Officer +46 8546 10 528
Megan Thomas, Director of Marketing and Communications +1 407 304 5236
media@gtefficiency.com

Matrix Corporate Capital LLP
Nick Ellis +44 3206 7365

Financial Dynamics
Jon Simmons +44 20 7269 7291
Susanne Yule

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Gas Turbine Efficiency Increased Orders for Compressor Water Wash System from the Power Generation Industry

March 23, 2010

Gas turbine operators continue to implement GTE’s patented water wash system

ORLANDO, Florida — Gas Turbine Efficiency plc (AIM: GTE), a leader in energy and aviation products and services, is pleased to report an increase in orders from the energy industry  for its compressor water wash system, as more gas turbine operators implement this solution into their operations.

Compressor water wash systems are a major product line in the GTE portfolio of patented solutions for both power generation and aviation turbines, and have experienced increased recognition, acceptance and sales.

GTE 1600i Compressor Water Wash System

GTE 1600i Compressor Water Wash System

Four major original equipment manufacturers (OEMs) of gas turbines had previously approved and signed agreements for further development and sales of GTE’s patented technology for use on their engines. Most recently, installations have been finalized and the performance improvements have been validated and published.

“We are pleased to report increased orders in the power generation sector for our compressor wash system,” said Steven Zwolinski, Chief Executive Officer at GTE. “We are now in a good position with documented performance data and user acceptance across multiple engines. Our clients now have the data that they need to invest in the technology evidenced by recent order flow.”

GTE has been featured in several prominent power generation publications and conferences generating interest and additional proposals for new sales. Notably, in February 2010, GTE was featured at the 501F Gas Turbine Users Group Annual Conference in Orlando, Fl. There, Louisiana based power producer Cleco Evangeline presented a case study on GTE’s compressor water wash systems as an optimal solution for operational improvements. The data presented offered an average percent power benefit of 1.18% and motivating an average increase in energy efficiency of 0.42% which translates to rapid return on investment.

A case study on the compressor water wash system is available for download from GTE’s website at http://www.gtefficiency.com/case_studies.asp.

About GTE

Gas Turbine Efficiency designs, manufactures and supplies proprietary cleantech energy saving and performance enhancing solutions to the power generation, oil and gas, and aviation industries. The company’s extensive portfolio of patented cleantech solutions save fuel, reduce emissions, increase availability, and extend turbine and parts life. The Group also provides solutions for burning a wider variety and quality of fuels such as liquefied natural gas, clean coal and alternative fuel blends. Products and services developed by our world-class technology team include compressor cleaning and power augmentation systems; fuels management systems; combustion design, repair, upgrade and monitoring; and fluid and control auxiliaries.

For more information about Gas Turbine Efficiency plc and its products and services, please visit http://www.gtefficiency.com.

For more information:

Megan Thomas
Director of Marketing and Communications
Gas Turbine Efficiency
media@gtefficiency.com
Phone: 407.304.5236

###

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Gas Turbine Efficiency Announces New Agreement with Entegra Power Group Subsidiaries

March 18, 2010

ORLANDO, Florida — Gas Turbine Efficiency plc (AIM: GTE), a leader in energy and aviation products and services, has executed master services agreements with Tampa-based Entegra Power Group to provide gas and steam turbine major outage field services for their 4,400MW fleet consisting of 7FA combined cycle units.

GTE’s three-year agreement with Entegra includes providing Major Gas and Steam Turbine and Generator Mechanical maintenance outage and inspection services through the company’s Turbine Services Business Unit, which is spearheaded by John Duff—an executive with more than three decades of experience in the power generation industry.

“The three-year agreement ensures Entegra has access to GTE’s proven teams for their scheduled maintenance,” said John Duff, President of the Turbine Services Business Unit.

“This agreement further strengthens our position as a leading solutions provider for major end users in the power generation industry,” said Steven Zwolinski, Chief Executive Officer at GTE. “Strategically, the turbine services platform provides an important dimension to GTE’s growing portfolio of patented environmental and performance solutions.”

Both companies have a strong business relationship following GTE’s recent implementation of turbine upgrades including the installation of a combustion dynamics monitoring system (CDMS) to help control emissions, manage dynamics and provide increased output for Entegra Power Group’s Gila River Power Station in Gila Bend, AZ—a project that was recently profiled by Combined Cycle Magazine.

About GTE

Gas Turbine Efficiency designs, manufactures and supplies proprietary cleantech energy saving and performance enhancing solutions to the power generation, oil and gas, and aviation industries. The company’s extensive portfolio of patented cleantech solutions save fuel, reduce emissions, increase availability, and extend turbine and parts life. The Group also provides solutions for burning a wider variety and quality of fuels such as liquefied natural gas, clean coal and alternative fuel blends. Products and services developed by our world-class technology team include compressor cleaning and power augmentation systems; fuels management systems; combustion design, repair, upgrade and monitoring; and fluid and control auxiliaries.

For more information about Gas Turbine Efficiency plc and its products and services, please visit http://www.gtefficiency.com.

For more information:

Gas Turbine Efficiency plc
Steven Zwolinski, Chief Executive Officer     +46 8546 10 528
Megan Thomas, Director of Marketing and Communications   +1 407 304 5236
media@gtefficiency.com

Matrix Corporate Capital LLP

Nick Ellis  +44 3206 7365

Financial Dynamics
Jon Simmons / Sophie Moate +44 20 7269 7291

###

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Gas Turbine Efficiency Announces the Appointment of Kevin Dotts as Chief Financial Officer

November 5, 2009

GTE adds executive with proven industry experience to its leadership staff and Board of Directors

ORLANDO, Florida —Gas Turbine Efficiency plc (AIM: GTE), a leader in energy services and aviation products is pleased to announce the appointment of Kevin M. Dotts as Chief Financial Officer (CFO), an executive role which he will assume effective immediately.

Kevin Dotts - GTE Chief Financial Officer

Gas Turbine Efficiency Announces the Appointment of Kevin Dotts as Chief Financial Officer

Mr. Dotts contributes a solid executive management background to GTE, having served as Executive Vice President and CFO at EarthLink, Inc., a NASDAQ traded company, from 2004-2009.  His financial career spans more than 20 years including 15 years at the General Electric Company, where Mr. Dotts held global financial leadership positions in the Energy and Industrial businesses, its media subsidiary, NBC, as well as Corporate Audit. From 1999-2002, Mr. Dotts was CFO of GE Energy Parts, Inc., a $1.2bn revenue business.

“Kevin Dotts brings a wealth of knowledge, experience and a proven track record to GTE’s leadership team,” said Steven Zwolinski, Chief Executive Officer at GTE. “Kevin’s financial leadership and industry experience will be an enormous asset to us as the Group enters the next phase of its development.”

Magnus Nordgren, the current CFO of the Company has stepped down as a director of GTE and will continue to provide important leadership to our fast growing EMEA regions, while supporting GTE in a number of global financial process roles.

“I’d like to thank Magnus Nordgren for his significant contributions over the past five years in the CFO role,” said John Bryant, Chairman of GTE. “We are very pleased that Magnus will now be focused on developing our fast growing EMEA regions.”

About GTE

Gas Turbine Efficiency designs, manufactures and supplies proprietary cleantech energy saving and performance enhancing solutions to the power generation, oil and gas, and aviation industries. The company’s extensive portfolio of patented cleantech solutions save fuel, reduce emissions, increase availability, and extend turbine and parts life. The Group also provides solutions for burning a wider variety and quality of fuels such as liquefied natural gas, clean coal and alternative fuel blends. Products and services developed by our world-class technology team include compressor cleaning and power augmentation systems; fuels management systems; combustion design, repair, upgrade and monitoring; and fluid and control auxiliaries.

For more information about Gas Turbine Efficiency plc and its products and services, please visit http://www.gtefficiency.com.

For more information:

Megan Thomas
Director of Communications
Gas Turbine Efficiency
media@gtefficiency.com
Phone: 407.304.5236

###

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